West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 27, 2026 is estimated to be $443 Million, with a cash option of 186.5 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of West Virginia, your state will take 6.5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

West Virginia MEGA Millions Jackpot/Cash Option for Tue Oct 27, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 27, 2026	$443,000,000	$186,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$186,500,000
Federal Tax(24%)	$44,760,000
Additional Federal Tax	$24,205,330
State Tax(6.5%)	$12,122,500
Net Lumpsum Payment	$105,412,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,667,593	-$2,427,340 -$433,394	$3,806,859
2	$7,001,172	-$2,550,764 -$455,076	$3,995,332
3	$7,351,142	-$2,680,253 -$477,824	$4,193,065
4	$7,718,832	-$2,816,298 -$501,724	$4,400,810
5	$8,104,685	-$2,959,064 -$526,805	$4,618,816
6	$8,510,030	-$3,109,041 -$553,152	$4,847,837
7	$8,935,310	-$3,266,395 -$580,795	$5,088,120
8	$9,382,297	-$3,431,780 -$609,849	$5,340,668
9	$9,851,434	-$3,605,361 -$640,343	$5,605,730
10	$10,344,050	-$3,787,629 -$672,363	$5,884,058
11	$10,861,031	-$3,978,912 -$705,967	$6,176,152
12	$11,404,149	-$4,179,866 -$741,270	$6,483,013
13	$11,974,290	-$4,390,818 -$778,329	$6,805,143
14	$12,573,226	-$4,612,424 -$817,260	$7,143,542
15	$13,201,843	-$4,845,012 -$858,120	$7,498,711
16	$13,861,913	-$5,089,238 -$901,024	$7,871,651
17	$14,554,765	-$5,345,593 -$946,060	$8,263,112
18	$15,282,614	-$5,614,898 -$993,370	$8,674,346
19	$16,046,789	-$5,897,642 -$1,043,041	$9,106,106
20	$16,849,062	-$6,194,483 -$1,095,189	$9,559,390
21	$17,691,648	-$6,506,240 -$1,149,957	$10,035,451
22	$18,576,319	-$6,833,568 -$1,207,461	$10,535,290
23	$19,504,847	-$7,177,124 -$1,267,815	$11,059,908
24	$20,480,333	-$7,538,054 -$1,331,222	$11,611,057
25	$21,504,106	-$7,916,850 -$1,397,767	$12,189,489
26	$22,579,710	-$8,314,823 -$1,467,681	$12,797,206
27	$23,708,474	-$8,732,466 -$1,541,051	$13,434,957
28	$24,893,942	-$9,171,089 -$1,618,106	$14,104,747
29	$26,138,772	-$9,631,676 -$1,699,020	$14,808,076
30	$27,445,622	-$10,115,211 -$1,783,965	$15,546,446